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Frequently Asked Questions
Seller FAQs
Why should I choose to auction instead of sell traditionally?
Are auctions only for distressed properties?
Where does the auction take place?
How does the process work?
What services are included with Concierge Auctions?
What will my property sell for?
What does it cost to work with us?
How many bidders can I expect?
Is there a minimum bid?
What is a “Starting Bid Incentive”?
What happens if someone makes a traditional offer on my property during the auction cycle?
What happens if the winning bid defaults?
Why is there a protection period?
Why do I need an auction agreement?
Why do I need a listing agent?
Bidder FAQs
How do I register for an auction?
Where do I register for an auction?
How can I see my registration status?
Do I have to include a bid amount when I register?
What will the increments be?
What is the Buyer's Premium?
What is the Starting Bid Incentive (SBI)?
Do I get my deposit back if I'm not the winning bidder?
What are the next steps if I am the winning bidder?
Can I finance?
What types of proof of funds do you accept?
Where can I find the wire instructions?
Where can I find diligence documents for a property?
What does it cost to work with us?
Do I have to be represented by an agent?
Can my agent register themselves to represent me as a bidder?
Can I register with an LLC or another name?
Does the sale have contingencies?
Does the Buyer pay a VAT?
How do I reset my password?
Agent FAQs
What is the main benefit of auctions for agents?
How are agents protected?
How does it work?
How many bidders can I expect?
Who will be my point of contact?
How long is the exposure period on a property?
What do agents gain from joining the CA network?
How do I get started?
How do I register my client for the auction?
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Frequently Asked Questions | Concierge Auctions
